My daughter enjoys jewelry-it makes her happy.
She has a lot of bracelets that are too bulky to store with the rest of her jewelry and she came up w/ a genius solution all on her own:
She simply hammered some nails into her closet wall. Then she just looped a group of bracelets together with a rubber band and hung them on the nail.
I'm not picky about my closet walls, but if you didn't want to put holes in your closet wall, you could hammer nails into a piece of wood as well.